Property returns halve on softer market
Thursday, June 25, 2015
The office market has seen vacancy rates rising due to over supply. PIC: KAGISO ONKATSWITSE
According to the IPD Annual Property Consultative Index released yesterday, the total return was underpinned by a relatively stable income return of 9.4 percent while capital growth slowed significantly to 2.0 percent from 10.2 percent the year before.
Total returns represent and aggregation of income plus capital growth with the former reflecting increase in rentals while the latter denotes revaluations of properties.
According to both the acting director of Veterinary Services, Kobedi Segale and acting Lands and Agriculture minister, Edwin Dikoloti, the virus currently raging through the North-East mostly likely first entered the country during the festive season.From the “unprecedented” number of cases picked in testing last week, it is likely that cattle and other livestock could have been infected last year, without being reported.Animal health...